PLG Consulting’s president, Taylor Robinson, was part of Petroleum Connection’s 7th Annual Frac Sand Supply & Logistics Conference in San Antonio. The event was held in late October and more than 700 industry insiders gathered to discuss the most relevant topics in a dynamic industry that has hit an inflection point this year. Following are his observations.
Read MoreDay: November 15, 2018
Hi-Crush Enters Supply Agreement With Chesapeake
Hi-Crush Partners LP has entered into a new, long-term frac sand supply agreement for the in-basin purchase of Northern White frac sand to support Chesapeake Energy Corp. and its completions program in the Marcellus and Powder River Basins. In addition, Chesapeake will utilize one PropStream container crew and related logistics with the option to expand based on demand.
Read MoreSelect Sands Hit Hard in Third Quarter; Expects Return to Full Production
Select Sands Corp. announced operational and financial results for the third quarter of 2018 The company is reporting that it:
Read MoreCovia Releases First Quarterly Report Since Merger
Covia announced results for the third quarter ended Sept. 30, 2018. As a result of the merger that closed on June 1, 2018, Covia’s 2018 reported results, under U.S. generally accepted accounting principles, include the consolidated financial results of both Unimin Corp. and Fairmount Santrol Holdings Inc. for the four months ended Sept. 30, 2018, as well as the stand-alone…
Read MoreThis Week’s Market Buzz
Crude oil prices crashed on Nov. 14, losing 7 percent in just one day, which was the biggest daily loss in three years. At press time, WTI is $56.67 per barrel, and Brent $66.8, despite pressure by a vicious combination of demand outlook, oversupply concerns and other factors such as President Trump’s call on OPEC to keep production at current…
Read MorePCA: Cement Consumption Growth to Falter Over Next Two Years
The Portland Cement Association (PCA) Market Intelligence Group forecast for cement consumption over the next two years, shows less growth compared with 2018. This year’s rate of change is 2.9 percent; growth recedes to 2.6 percent in 2019 and to 1.6 percent in 2020.
Read MoreNew TRIP Report Highlights Deteriorated New York Infrastructure
Roads and bridges that are deteriorated, congested or lack some desirable safety features cost New York drivers $24.8 billion per year – as much as $2,768 per driver – due to higher vehicle operating costs, traffic crashes and congestion-related delays.
Read MoreNRP Aggregates Business Flat in Third Quarter
Natural Resource Partners L.P. (NRP) reported third-quarter 2018 net income of $29 million, compared to $26 million in the third quarter of 2017. For year-to-date, the company is reporting net income of $92 million, compared to $58 million in 2017.
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